PIR 0.00% $1.49 papillon resources limited

Ann: Suspension from Official Quotation , page-4

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  1. 2,668 Posts.
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    As of late last year, the Directors held around 9.5 million shares.

    Now is suspension, a couple of scenarios could be getting played out.

    1. A genuine bid, where the Board are negotiating a price that they would be pleased to recommend to shareholders.

    2. A joint venture and both parties are negotiating a suitable mix.

    Pure speculation on my part, though.

    I checked some of the more obvious overseas companies that might be interested in bidding and none of them were in a halt last night.

 
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